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Business Word/Phrase of the Day

word-phrase-descEvery day we publish a business word or phrase together with audio pronunciation, phonetics, definition and example sentences. This is a great way to improve your workplace vocabulary as well as your pronunciation. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter from the link above. 

LIFE INSURANCE laɪf ɪnˈʃʊər əns

Noun

  • insurance which pays family members when the person insured dies; usually pays more if the person dies by accident.
Example Sentence: I am thinking about getting life insurance to protect my family in case of an accident.
 

MAKE A RESERVATION
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Phrase

  • make an arrangement to have something kept for you, for example, a seat on an aircraft, a room at a hotel or table at a restaurant.
Example Sentence: It is advisable to make a reservation several days in advance.

 

 

COMPLY WITH kəmˈplaɪ wɪθ

Phrasal Verb

  • to follow or behave in line with an official rule.
Example Sentence: Does this product comply with our national safety standards?
 

LEVERAGE lɛvərɪdʒ

Noun

  • the power to influence somebody's actions.
Example Sentence: Big companies have a lot of leverage over their business partners.
 

WHOLESALE hoʊlˌseɪl

Noun

  • sold cheaply in large amounts, especially to shops, who resell the goods.
Example Sentence: They claim to sell their products at wholesale prices.
 

COMPETITIVE kəmˈpɛtɪtɪv

Adjective

  • offering a price or service that is as good or better than other companies.
Example Sentence: They are offering the new computer at a very competitive price.
 

QUOTA kwoʊtə

Noun

  • a limit set on the amount of imports which can come into a country.
Example Sentence: The country has set quotas on steel imports.
 

DECLINING MARKET  

Phrase

  • a market that is becoming worse.
Example Sentence: The declining market in caravans is due to the growth of cheap airlines.
 

COME UP WITH  

Phrasal Verb

  • think of.
Example Sentence: We need to come up with a solution to the problem.
 

HOLD UP hoʊld ʌp

Phrasal Verb

  • delay.
Example Sentence: The match was held up for ten minutes as police cleared fans off the pitch.
 

SYNERGY sɪnərdʒi

Noun

  • the increased result by combining two or more things.
Example Sentence: Working together we create a synergy that we couldn't do alone.
 

GET DOWN TO BUSINESS  

Phrase

  • start doing the thing that you intend to do.
Example Sentence: Let's get down to business! What is the first item on the agenda?
 

ACQUISITION ˌækwəˈzɪʃən

Noun

  • the process of getting or buying something, especially another business.
Example Sentence: The company will pay $210 million in cash to complete the acquisition.
 

SPAM /spæm/

noun

  • Spam is unwanted email, usually advertisements. It is also used in phishing scams and other online fraud.
Example Sentences:Since you get so much spam, why don’t you invest in a good spam filter?
I waste so much time going through spam every morning to get the real emails.
 

AUTHENTICATION /ˈəʊ.və.taɪm/

noun

  • this is a technique that limits access to Internet or intranet resources to visitors who identify themselves by entering a user name and password
Example Sentences:Authentication of user email addresses is essential to prevent owners of email addresses from receiving spam.
After registering, please click on the link in the email from us to authenticate your email address.
 
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